Small main­te­nance, big style

FIRST-HOME­buy­ers are opt­ing for apart­ment liv­ing over town­houses and de­tached houses, ac­cord­ing to lead­ing sales agent Alex Veal from Next Prop­erty Group.

Not-for-profit de­vel­oper BHC has sold out of stu­dio and one-bed­room prop­er­ties across its port­fo­lio, re­sult­ing in a spike in in­ter­est in larger apart­ments.

As sales agent for BHC’s $28 mil­lion Quad­rant Apart­ments at Cherm­side, Mr Veal said more and more firsthome buy­ers were seek­ing prop­er­ties that of­fered value for money and a low-main­te­nance life­style, with­out com­pro­mis­ing on style.

“We have seen a trend re­cently of first-home buy­ers look­ing for stylish apart­ment life­styles over de­tached or semi-de­tached homes,” he said.

“High-den­sity liv­ing of­fers young peo­ple the op­por­tu­nity to pur­chase new and mod­ern homes cen­tred in city ac­tiv­ity hubs.

“Quad­rant is lo­cated on Hamil­ton Rd, in the heart of Cherm­side – an area which has been ear­marked for sig­nif­i­cant fu­ture growth – and it con­tin­ues to ap­peal to those want­ing to get in at the be­gin­ning of the area’s planned re­ju­ve­na­tion.”

“The Stat­e­Gov­ern­ment’s south­east Queens­land re­gional plan has iden­ti­fied Cherm­side as a Prin­ci­ple Re­gional Ac­tiv­ity Cen­tre, which is set for fur­ther trans­for­ma­tion and growth,” she said.

“With the Stat­e­Gov­ern­ment’s $15,000 Great Start Grant avail­able, as well as stamp duty sav­ings for firsthome buy­ers, there’s never been a bet­ter time to en­ter the mar­ket.”

Quad­rant Apart­ments fea­tures 84 one and two-bed­room apart­ments, priced from$399,000, across eight lev­els, along with a sec­ond-floor gar­den and recre­ation area and a ground-level re­tail space.

The de­vel­op­ment is within walk­ing dis­tance of West­field Shop­ping Cen­tre and 150m from pub­lic trans­port, con­nect­ing res­i­dents to theCBD.

The de­vel­op­ment also has five of the six sus­tain­abil­ity bench­marks un­der the En­vi­roDevel­op­ment ac­cred­i­ta­tion, a na­tional ini­tia­tive of theUr­ban De­vel­op­ment In­sti­tute ofAus­tralia.